Is online shopping so appealing? Is it because it saves time or is that the case?
Online shopping is very popular. According to Statista, global sales of goods and services on the internet increased from $1.3 trillion in 2015 to $2.4 trillion in the last three years. This trend is expected to continue till the year 2020.
Consumers can shop at their leisure without having to go out in the cold. They can compare prices across retailers. When there are multiple options for savings, the idea of going home and saving becomes more appealing.
Online shopping gives customers access to a wider range of products. While brick and mortar stores often have limited inventory, they can offer a variety of items that may be hard to find elsewhere. Internet-based businesses such as Amazon, eBay and Alibaba do not need to worry about stocking inventories. They simply sell what the market wants.
Online shoppers benefit from easy access to customer reviews, which helps them make better buying decisions. According to Fierce Retail Research, nearly half of all web users read product reviews before making purchasing decisions.
Online shopping allows individuals to purchase items without leaving their homes. People who live alone or don’t have anyone to drop off items while they shop will likely prefer to order on line. Are you looking for online interior design services?
“Online shopping has faced challenges. Some people think buying over the internet puts too much information in the hands of private companies. The some people don’t like the idea of credit card numbers being uploaded to the internet. Some people believe that the experience on the internet is not as good as it is in person. There is an ongoing debate on whether online shopping should be allowed.”
The number of online transactions has grown much faster than the population. These trends are not equal across industries. Some industries have seen an overall decline in online activity. Online spending went down by 8% between 2010 and 2016 The automotive sector experienced the biggest decline in online spending. Online shopping continues to grow very fast in most demographic groups.